Another blow for BP
BP just can’t keep out of the news these days.After hitting the Gulf coast with its Macondo well oil spill last year, the oil major as of Saturday was seemingly involved...
Bob’s Petroleum
The incoming boss of BP has been striking a confident tone in recent meetings with City analysts, reports FT Alphaville. The message that Bob Dudley has been keen to convey is...
BP to Begin Scaling Back Oil Cleanup
Filed under: Good news, From the Boards, BP p.l.c. ADS (BP), OilTwo weeks ago, BP plc (BP) was able to stop oil from spilling into the Gulf of Mexico. The company announced today that it was time to being scaling back on the cleanup process.
Since the ...
Portrait of an oil company in distress
It was widely reported that Tony Hayward, the chief executive of BP, was a prominent no-show at this week’s World National Oil Companies Congress, which was being held in London....
Costs for BP Oil Spill Hit $2 Billion
Filed under: BP p.l.c. ADS (BP)Monday morning, BP (BP) announced that the costs of the Gulf of Mexico oil spill have hit $2 billion.
What's more, it is the 60th day for the Deepwater Horizon oil spill, and it sure doesn't seem like a solution is forthc...
BP and Anadarko turn on each other
There's nothing like a credit downgrade to focus the mind, FT Alphaville observes. After Moody's cut Anadarko's rating to junk late on Friday, the US oil company (and 25 per cent...
What Were the Causes That Led to the Deepwater Horizon Blowout and Explosion? – and Open Thread 2
This post is being closed. Please comment on http://www.theoildrum.com/node/6606.
Author's Note: This is a guest post by William Semple. Mr. Semple is a drilling engineer and independent drilling consultant with 37 years of experience in the oil and g...
What Were the Causes That Led to the Deepwater Horizon Blowout and Explosion? – and Open Thread
Because of the large number of comments, this post is being closed. Please comment on http://www.theoildrum.com/node/6623.
Author's Note: This is a guest post by William Semple. Mr. Semple is a drilling engineer and independent drilling consultant wit...
Macondo, in historical Hollywood context
In case you were curious about how BP’s stricken Macondo well currently stacks up to other historical oil spills, here’s a useful graphic from Société Générale,...
BP Trades Lower as CEO Testifies Before Congress
Filed under: From the Boards, Law, Scandals, BP p.l.c. ADS (BP), Politics, OilShares of BP plc (BP) closed today's trading slightly lower, as the company's CEO, Tony Hayward, appeared before Congress today to discuss the oil blowout in the Gulf of Mexi...
Analysts Upgrade BP to Buy?
Filed under: Analyst Reports, Analyst Upgrades and Downgrades, BP p.l.c. ADS (BP)After calls from a U.S. congressman for BP (BP) executives to commit hara-kiri and following President Obama's successful pressure on the company to set up a $20 billion e...
BP – a line in the sand?
There's been a mixed reaction from City analysts to BP's decision to halt dividend payments for the rest of the year and pay $20bn into a Gulf of Mexico claims fund, reports FT Alphaville....
